Customers can now apply for a new Easy Access Savings Account and Easy Access Cash ISA both offering 1.35% AER. The interest rate on these new accounts are free from complicated restrictions or bonus requirements, making it simple to manage and straightforward to understand.

The new Easy Access Savings Account can be opened as a joint account, ideal for those looking to combine their savings.

Richard Doe, Paragon Bank Managing Director, said:

Our new easy access products offer a strong combination of flexibility and value to our customers.

Paragon Bank’s savings products are available online only and eligible deposits are protected by the Financial Services Compensation Scheme up to a maximum of £85,000.